1996 Annual report PDF 36.77MB - Cairn Energy PLC

Notes to the Accounts (continued)For the year ended 31 December 19969 ProfiV(Loss) Attributable to Members of the Holding CompanyThe loss &ah with in the amounts of the hdding cwnwny is £763,000 (1995 - haflt W.091.000).10 Earnings per Ordinary ShareThe earnings per ordinary share is calculated on a pmfR of W.246.000 (1995 - E8,669.000) on a weightedavwage of 104,027.1 17 onlinsry shares (1995 mstaied -weighted amage of 75,950,594 onlinaryshsres). The rmmbet of onlinary shares fw 1995 have been restated to rdect me bonus dement of therights issues, Them is no materid dilution of earnings w a diw share in spxt of warrants and shareoptions issued (see note 21).11 Oil and Gas Exploration Assets - Group11 Oil and Gas Exploration Assets - Company"I w -artan--pmo fmo rmwfmoCostAt 1 Janw 1996 852 5,418 16,913 23,183Wins 23 344 15,524 15,891Transfm between cat- (5) (2.172) - (2.177)Transfer to suMiary unddng (870) - (870)At 31 December 1996 - 3,590 32,437 36,027RmirionAt 1 January 1996 478 4,851 3,686 9,015Transfers between catego* - (1,891) (1.891)Transfer to wbvdiary unmng (478) - (478)At 31 December 1996 - 2,950 3,585 6,646Net book value at 31 December 1996 - 630 28,751 29,381NetWMlueal31 Decemtw19S5 374 567 13,227 34,166In 1995. Me canylng valued Us UK Otfshore @ration poal was written d- by £1.050,WO thmu()lan erceptii charge to Me prm and 1- acmunt.PmvirionAt 1 January 1996 2,690 4,851 605 - 3.686 11.832Transfers betwssn categories - (1,891)At31 December1996 2bs0 2,950 - 3,886 9.336Net book value at31 Decamberl996 2,712 530 613 - 107.298 111,253Durina 1996. Cam drilled a 6rv Mein the US Gull of Maim. As msre are no msws to iusMv Us